Business, 25.06.2019 06:50 stephliu721
Based on the best available econometric estimates, the market elasticity of demand for your firm’s product is -3. the marginal cost of producing the product is constant at $100, while average total cost at current production levels is $175. determine your optimal per unit price if: instruction: enter your responses rounded to two decimal places. a. you are a monopolist.
Answers: 3
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Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.
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Based on the best available econometric estimates, the market elasticity of demand for your firm’s p...
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